Market conditions still continue on the path that supports favorable pricing, coverage terms, and program structures that benefit many buyers.

Lockton’s April 2017 P&C Market Update states that despite low interest rates, ample capital and growth from new entrants are keeping terms and conditions at competitive levels. Most clients are benefiting from the refined offerings and increased specialization in product offerings from underwriters. In Property, both ample capacity and a lack of substantial industrywide losses are keeping markets aggressive, with lower prices and stronger coverage for buyers.